Mutares SE & Co. KGaA

Board/Management Information • Apr 23, 2014

News Details

Corporate | 23 April 2014 12:17

mutares AG: PIXmania appoints Luis Krug as new CEO

Mutares AG / Key word(s): Change of Personnel

23.04.2014 / 12:17

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PIXmania appoints Luis Krug as new CEO

PIXmania, the company with the highest turnover within the portfolio of mutares AG (ISIN DE000A0SMSH2), appoints Luis Krug as new CEO. Luis Krug has an outstanding experience in the e-commerce business being responsible for the success of large e-commerce companies such as Redcoon and BuyVIP.

Munich, April 23, 2014 – PIXmania appoints Luis Krug as new CEO by April 1, 2014. Luis Krug contributes his expertise in e-commerce to the realignment of PIXmania. He will concentrate on the further optimization of the B2C-segment of PIXmania, which has been the most important driver for growth since the company’s foundation in 2000.

Prior to his new assignment at PIXmania, Luis Krug gained extensive experience in the e-commerce business. In 2000, he founded Electronica24, a mail-order company for consumer electronics. Afterwards he co-founded the Redcoon Group that developed into one of the leading European online retailers for electronics with a turnover of more than EUR 400m. Redcoon was acquired by Media-Saturn Group (Metro AG) in 2011. As COO, he was the driving force behind the internationalisation of BuyVIP, which was acquired by Amazon in 2010.

PIXmania is an online mail-order business that currently operates in 14 European countries and additionally delivers services for large groups such as Carrefour. After ceasing the unprofitable activities, PIXmania expects to achieve a turnover of more than EUR 290m in the financial year between May 2013 and April 2014, while employing nearly 800 employees at locations in France and the Czech Republic.

Company profile of mutares AG

mutares AG, Munich (www.mutares.de), acquires companies, or parts of companies that are sold in the course of reorganization by the owner and possess clear potential for operative improvement. mutares actively supports its portfolio companies with its own teams that have the objective to achieve a significant increase in value. Thereby, the main intention is the alignment of the company towards sustainable growth. The shares of mutares AG are traded in the Open Market of the Berlin Stock Exchange under the symbol MUX (ISIN: DE000A0SMSH2).

For further information, please contact:

mutares AG

Christoph Himmel

Investor Relations & Corporate Communications

Tel. +49 89 9292776-0

Fax +49 89 9292776-22

ir@mutares.de

www.mutares.de

End of Corporate News

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